Essentials of a decision
Having discussed the quintessence of decisions in our lives, I want to introduce you to the real drill. To make a decision we need to have these three essentials: 1) What things mean to me? (value addition; Thinking) 2) What to focus on? (Seeing; perception) 3) What do I do to create the results I desire? (action) So, we see a decision consists of thinking, seeing and acting. A decision will not be complete if we have thought about it and added value to it. It needs the focus, the seeing part and after seeing it I need to act to materialise my decision. About focus, I have discussed in my first post in detail. Let's now dive into the next step. Now, allow me to carry you to the chapter on value addition. Why is it important in a decision-making process? This is well explained by Victor Harold Vroom , a Canadian psychologist and business school professor, in his expectancy theory . This theory is well represented by this equation: MF= Expectancy X Instrumentality X Valance Here,